The Asian Development Bank (ADB) Tuesday committed up to $25 billion for the next five years to fund India’s infrastructure creation under the PM Gati Shakti initiative as well as social development and climate action to help the country meet its priority development needs. In his meeting with PM Narendra Modi, ADB president Masatsugu Asakawa … Read more
Petrol, Diesel Price Today: Fuel prices remained unchanged on March 21, Monday across all the metro cities. Oil marketing companies revised petrol and diesel prices at 6 AM daily. The last change in country-wide fluctuation in fuel prices was witnessed in May 2022 when the Centre cut the excise duty on petrol by Rs 8 per … Read more
Bengaluru: The global economic outlook has improved in recent months, but uncertainties still remain, RBI Governor Shaktikanta Das said on Friday as he called upon G20 nations to resolutely address the challenges, including debt distress and threats to financial stability, confronting world economies. Addressing the inaugural session of the meeting of G20 finance ministers and … Read more
Finance Minister Nirmala Sitharaman on Friday highlighted rising debt vulnerabilities in many developing countries and sought views from G20 member nations on ‘multilateral coordination’ for managing the burden. Speaking at inaugural session of the G20 finance ministers and central bank governors (FMCBG) meeting, Sitharaman also sought views on how multilateral development banks, like the IMF … Read more
The currency in circulation has gone up to Rs 31.33 lakh crore in March 2022, from Rs 13 lakh crore in 2014, finance minister Nirmala Sitharaman said in the Lok Sabha on Monday. The currency in circulation, which includes bank notes and coins, to GDP ratio stood at 13.7 per cent as on March 25, … Read more
LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its … Read more
Finance Minister Nirmala Sitharaman praised the Indian rupee on Monday, saying it has been strong against all currencies. The minister’s statement came during the parliamentary session on Monday. “The Reserve Bank of India (RBI) has used the foreign exchange reserves it has to intervene in the market to make sure the dollar-rupee fluctuation is not … Read more